Allianz Asset Management GmbH Boosts Stake in Carter’s, Inc. (NYSE:CRI)

Allianz Asset Management GmbH boosted its stake in shares of Carter’s, Inc. (NYSE:CRI) by 40.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 591,246 shares of the textile maker’s stock after purchasing an additional 170,528 shares during the period. Allianz Asset Management GmbH owned about 1.64% of Carter’s worth $32,040,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRI. Hussman Strategic Advisors Inc. raised its stake in shares of Carter’s by 100.0% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the textile maker’s stock worth $2,276,000 after buying an additional 21,000 shares during the period. Ieq Capital LLC increased its holdings in Carter’s by 2,799.6% in the 4th quarter. Ieq Capital LLC now owns 103,285 shares of the textile maker’s stock worth $5,597,000 after acquiring an additional 99,723 shares in the last quarter. Kestra Investment Management LLC raised its stake in Carter’s by 83.7% during the 4th quarter. Kestra Investment Management LLC now owns 16,972 shares of the textile maker’s stock worth $920,000 after acquiring an additional 7,734 shares during the period. Venturi Wealth Management LLC lifted its holdings in Carter’s by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 268 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Carter’s in the fourth quarter worth approximately $245,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and a consensus target price of $65.60.

Carter’s Price Performance

Shares of NYSE:CRI opened at $52.10 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 3.37 and a beta of 1.21. The firm has a fifty day moving average price of $53.44 and a 200 day moving average price of $58.57. Carter’s, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.